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21st Century Oncology DIP Financing Approved

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The U.S. Bankruptcy Court issued an interim order approving 21st Century Oncology’s post-petition financing motion and scheduled a June 19, 2017 hearing to consider final approval.

As previously reported, “The postpetition senior secured superpriority D.I.P. financing in the form of credit facility (the ‘D.I.P. Facility’) is in an aggregate principal amount of up to $75,000,000 of DIP Loans (of which up to $25,000,000 shall be available to the Debtors upon entry of the Interim Order until entry of the Final Order), pursuant to the terms and conditions of the Orders and that certain Senior Secured Superpriority Debtor-in-Possession Credit Agreement.”

Read more 21st Century Oncology bankruptcy news.